Joe and Jill Biden Presidential Library Foundation

Nonprofit profile at a glance

EIN
332456598
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Wilmington, DE, USA
Phone
3024403038
Rating
43
Verdict
MIXED
Rating confidence
Limited
Sector
Libraries

Official website

Reported finances

Revenue
$4,000,000
Expenses
$0
Assets
$4,021,348
Liabilities
$21,348

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • RUFUS GIFFORD (PRESIDENT & CHAIR)

People named in this filing

  • RUFUS GIFFORD (PRESIDENT & CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The biden library foundation is a non-profit organization founded by president joe biden and dr. Jill biden that will continue to foster their lifelong commitment to public service.

What it reported doing in 2024

Presidential libraries serve as repositories for papers, records, artifacts, and historical materials of u.s. Presidents. These institutions, which are part of the national archives and records administration (nara), help preserve the history of each presidential administration for future generations. Moreover, presidential libraries offer valuable resources for researchers and the general public to study a particular presidency and its impact on the nation's history and policy. Congress legislated this policy, passing the presidential libraries act in 1955. Through archives, museums, and public programs, presidential libraries continue to preserve the documents and artifacts of presidents, helping us learn about our nation and our democracy.the foundation will serve as the presidential library for president joseph r. Biden, jr. And will have a museum with permanent and temporary exhibits, educational offerings, and public programming. It will collect and preserve important documents and historical records pertaining to the biden presidency, including items collected by the president, campaign memorabilia, awards, electronic records, personal papers, and other materials.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 10
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0.01; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 1 of 1 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.